Mongolia

Denison Mines will focus on its activities in Canada's Athabasca Basin in 2016, according to the company's end-of-year analysis. The company sold its Mongolian assets in December and hopes to spin out or sell its African portfolio when market conditions permit.

The Mongolian government has agreed to pay Khan Resources $70 million to end a dispute over its 2009 cancellation of the Canadian mining company's uranium licences. Mongolia had been seeking to overturn a ruling by an international arbitration tribunal that it must pay $100 million in compensation.

Jim Doak, the president of uranium developer Khan Resources, passed away in his hotel room on 24 April, the company announced. The Canadian citizen was staying in Ulaanbataar for meetings with the Mongolian government.

French nuclear company Areva has signed an agreement to develop uranium mines in Mongolia and to set up a joint venture company with Mongolian state-owned company MonAtom, with Mitsubishi Corporation as an equity partner.